Today, I wanted to take a moment to compare the 2016 Chicago real estate market to that of 2015.

As we left 2016, we found that we’re in a slight seller’s market here in Chicago; homes sold at a faster pace and for more money than in 2015. That’s all good news for sellers.

On the buyer side, you’ll find that you have to be ready to make a decision once you find a property that’s the right fit. That’s because properties are selling faster than they typically would. However, there is good news for buyers. Interest rates are still incredible. Due to low rates, buyers have a lot of buying power.

Have you been considering getting into the real estate investment market here in Chicago? Are you already the owner of an investment property? It continues to be a really strong market for us here in Chicago. Demand for rentals keeps going up as well. In fact, we’ve seen increases for the last four years in a row. The speed at which units re-rent is very fast.

If you have any questions about the Chicago market or you’re thinking about selling your house or buying an investment property, don’t hesitate to give me a call or send me an email with any questions at all. I’d be happy to help.

About The Carter Property Group

The Carter Property Group consists of a team of experienced sales, marketing & transactional specialists that assist our clients through one of the biggest transitions in their lives, the purchase or sale of their home.

The Carter Property Group is in the Top 1% of all the real estate agents in Chicago Association of Realtors.